Britney Spears Closing in on Deal to Judge 'X Factor'

After firing Nicole Scherzinger and Paula Abdul, there are two spots to fill on the 'X Factor' panel of judges, and now rumors are that Britney Spears is closing in on a deal for the gig.

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After firing Nicole Scherzinger and Paula Abdul, there are two spots to fill on the 'X Factor' panel of judges, and now rumors are that Britney Spears is closing in on a deal for the gig.

According to The Hollywood Reporter, Britney could sign the contract, which is being negotiated by her agent fiance Jason Trawick, as soon as next week. EOnline is reporting that she has been offered $10 million, but is holding out for $16 million.

In February, Simon Cowell wouldn't confirm the rumors about Britney becoming an 'X Factor' judge. He told Us Weekly, "I couldn't comment on it. Are we flattered that there could be interest? Yes. Other than that, there's going to be a lot of twists and turns over the next few weeks and a lot of things we're going to announce."

One thing he has confirmed is that two hosts will be taking over for season two of the singing competition series. "It's almost impossible to have one person doing this hosting job. You've got so much information now on telephone lines, the integrations of the sponsors - [the hosts are] like newscasters now," he explains.

Would you want to see Britney on 'X Factor'? Let us know what you think in the comments.